Estructuras disipativas

EQUITY BEST SELECTION EUROPE ex-UK EQUITY BRAZIL

Investment objective

Increase the value of its assets over the medium term. Investment policy

The sub-fund invests at least two-thirds of its assets in equities and/or securities treated as equivalent to equities issued by companies that have their registered office in, or conduct a significant proportion of their business in, Brazil, and also in derivatives on this type of asset.

The remainder, namely one-third of its assets maximum, may be invested in any other transferable securities, money market instruments, derivatives or cash, and also, within a limit of 15% of the assets, in debt securities of any kind and, within a limit of 10% of the assets, in UCITS or UCIs.

Risk profile

Specific sub-fund risks:  Operational & Custody Risk  Emerging Markets Risk

 Risks related to investments in CNH share categories

For an overview of the generic risks, please refer to the Appendix 3 of the Book I of the Prospectus. Historical performance

Past performances for each share class are contained in the KIID. Investor type profile

The shares of the sub-fund can be subscribed in by eligible investors who want to invest in available shares in accordance with the investment objective of the sub-fund.

Share Categories

Category Class ISIN code Registered Bearer Dividend Investors Minimum holding (1)

Classic CAP LU0265266980 Yes Yes No All None Classic DIS LU0265267285 Yes Yes Annual All None Classic CNH CAP LU0950371434 Yes Yes No All None

Classic SGD CAP LU0823402382 Yes Yes No All None Classic H EUR CAP LU0265267798 Yes Yes No All None

N CAP LU0265267954 Yes Yes No All None Privilege CAP LU0265313147 Yes Yes No All

Equivalent of EUR 1 million per sub-fund Managers: none Privilege DIS LU0823402465 Yes Yes Annual All

Equivalent of EUR 1 million per sub-fund Managers: none

I CAP LU0265342161 Yes Yes (1) No

Institutional Investors

and UCIs

Equivalent of EUR 3 million per sub-fund or EUR 10 million in the Company.

UCI: none X CAP LU0265288448 Yes No No Authorized

Investors None

(1) At the discretion of the Board of Directors.

Fees and Costs

Annual fees and costs payable by the sub-fund

Category Management fee

(maximum) Performance fee Distribution fee (maximum) Other fees (maximum) Taxe d’abonnement (1) Classic 1.75% No none 0.40% 0.05% Classic CNH 1.75% No none 0.40% 0.05% Classic SGD 1.75% No none 0.40% 0.05% Classic H EUR 1.75% No none 0.40% 0.05%

N 1.75% No 0.75% 0.40% 0.05%

Privilege 0.90% No none 0.40% 0.05%

I 0.75% No none 0.35% 0.01%

PARVEST EQUITY BRAZIL

(1) In addition, the Company may be subject to foreign UCI’s tax, and/or other regulators levy, in the country where the sub- fund is registered for distribution.

Fees and costs payable by the investor to the placing agents

Category Subscription Fee

(maximum) Conversion Fee (maximum) (1) Redemption Fee (maximum) Classic 5% 2% none Classic CNH 5% 2% none Classic SGD 5% 2% none Classic H EUR 5% 2% none

N none 2% 5%

Privilege 5% 2% none

I 5% 2% none

X 5% 2% none

(1) in the event of conversion to a sub-fund with a higher subscription fee, the difference may be payable

Additional information

Accounting and reference currency: USD for the sub-fund

CNH for the "Classic CNH" category EUR for the "Classic H EUR" category SGD for the "Classic SGD" category Currency of valuation:

“Privilege-DIS”, “X”: USD

“N”, “Privilege-CAP”, “I”: USD, EUR “Classic-DIS”: EUR, USD, NOK, PLN, SEK “Classic-CAP”: EUR, USD, NOK, SEK, SGD “Classic CNH”: CNH

“Classic H EUR”: EUR “Classic SGD”: SGD

For each day of the week on which banks are open for business in Luxembourg (a "Valuation Day"), there is a corresponding net asset value which is dated the same day except if 50% or more of the assets of the sub-fund are listed on the Sao Paulo stock exchange and the stock exchange is closed

It is available at the Company’s registered office, from local agents, and in any newspapers designated by the Board of Directors and the web site www.bnpparibas-ip.com.

Terms of subscription / conversion / redemption:

Subscription, redemption and conversion orders will be processed at an unknown net asset value in accordance with the rules set out below, only on trading days in Luxembourg, and the time mentioned is Luxembourg time.

Centralisation of orders Orders Trade Date NAV calculation and

publication date Orders Settlement Date

16:00 CET for STP orders, 12:00 CET for non STP orders

on the Valuation Day (D)

Valuation Day (D)

Day after the Valuation Day (D+1)

Maximum three bank business days after the Valuation Day (D+3) (1)

(1) If the settlement day is a currency holiday, the settlement will occur the following business day.

Listing: None Launch date:

The sub-fund was launched on 11 December 2006. The "X" category was launched on 18 December 2013.

The “Privilege-DIS” class will be launched at USD 100.00 per share at a date to be defined by the Board of Directors. Investors should check its launch date before subscribing.

The “Classic CNH” category will be launched at CNH 100.00 per share at a date to be defined by the Board of Directors. Investors should check its launch date before subscribing.

The “Classic H EUR” category will be launched at EUR 100.00 per share at a date to be defined by the Board of Directors. Investors should check its launch date before subscribing

The “Classic SGD” category will be launched at SGD 100.00 per share at a date to be defined by the Board of Directors. Investors should check its launch date before subscribing.

Historical information: Previously named “Brazil”

PARVEST EQUITY BRAZIL